Guggenheim Downgrades Capital One (COF)

Guggenheim Downgrades Capital One (COF)

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Guggenheim reported on Wednesday that they have downgraded credit card company, Capital One Financial Corp.(COF) .

The firm has lowered their rating on COF to “Neutral,” and has given the company a $59 price target. This price target suggests a 10% increase from the stock’s current price of $53.12.

Analysts have downgraded the company due to recent trends which will not support a multiple expansion.

Capital One shares were mostly flat during premarket trading Wednesday. The stock has increased 8% in the past year.

The Bottom Line
Shares of Capital One Financial Corp.(COF) have a 0.38% yield, based on Tuesday’s closing price of $53.12.

Capital One Financial Corp.(COF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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